Construction remains in the eye of a perfect storm, with public sector spending cuts and a lack of investment in the private sector squeezing margins and output. The sector lost around 60,000 jobs across the UK last year, with an estimated ten firms a day going bust.

Scottish firms appear to be adapting to this new normal and are proving resilient despite the difficult conditions. At the top of Insiders league table, Edinburgh-based housebuilder CALA Group has enjoyed a particularly strong bounce back from the post-crisis period with a remarkable 460 per cent increase in pre-tax profits to s11.4m.